Home / Best Forex Brokers in Malaysia / 24option Broker Review

24option Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
3.09 3.09 / 5
Min. DepositUSD 100
Max. Leverage500:1
Min. Spread1.1 pips
Regulators IFSC
Regulator Origin IFSC
Trading Desk Type

Summary

24Option started life as a binary options provider but now also offers CFDs for Forex, Commodities, Stock and Indices.

With a 50% bonus for new traders, an award-winning trading platform - alongside the industry-standard MT4 - and leverage of 1:500 on all accounts, beginners will find 24option an easy place to start trading.

Reviews

Regulation 11100
Trading Conditions 11000
Trading Platforms 11110
Deposit & Withdrawal 11100
Education & Research 10.5000
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Poor
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 100
Base currenciesEUR, ZAR, GBP, CHF, RUB
Number of FX Pairs46
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD1.1
GBP / USD1.4
USD / JPY1.4

Company Details

Company nameRichfield Capital Limited
Founded2010
Website www.24option.com/international
Type Market Maker
Regulators IFSC
Office locations Cyprus, Belize

Deposit & Withdrawal Methods

Supported Platforms for 24option

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 1110.50 3.09 / 5 1110.50 3.89 / 5 1110.50 3.59 / 5
Minimum DepositUSD 100USD 100USD 10
Regulation
IFSC IFSC
FCA FCA
CySEC CySEC
ASIC ASIC
MAS MAS
CySEC CySEC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs4670+57
Crypto Pairs5912
Pros
  • Wide range of assets
  • Well regulated
  • Wide range of assets
  • Low minimum deposit
  • Wide range of assets
Cons
  • Wide spreads
  • Limited education
  • Limited market analysis
  • Poorly regulated
  • Limited education
  • Limited account options
  • Unpublished spreads
  • Expensive withdrawals
  • Limited education
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11100 3 / 5 11111 5 / 5 1110.50 3.5 / 5
Trading Conditions 11000 2 / 5 11100 3 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11110 4 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 10000 1 / 5
Education & Research 10.5000 1.5 / 5 10.5000 1.5 / 5 11000 2 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
% Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 80.5% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1300:130:1
Spread1.1 pips0.7 pips0.9 pips
Hedging Yes No No
Scalping Yes No No
Account Types
  • VIP (Vip)
  • Standard (Standard)
  • Live Account (Mini)
Islamic Account Yes Yes No
Trading Platforms MT4 Plus500 IQ option
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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24option

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Plus500

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IQ Option

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Overall Rating 1110.50 3.09 / 5 1110.50 3.89 / 5 1110.50 3.59 / 5
Minimum DepositUSD 100USD 100USD 10
Regulation
IFSC IFSC
FCA FCA
CySEC CySEC
ASIC ASIC
MAS MAS
CySEC CySEC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs4670+57
Crypto Pairs5912
Pros
  • Wide range of assets
  • Well regulated
  • Wide range of assets
  • Low minimum deposit
  • Wide range of assets
Cons
  • Wide spreads
  • Limited education
  • Limited market analysis
  • Poorly regulated
  • Limited education
  • Limited account options
  • Unpublished spreads
  • Expensive withdrawals
  • Limited education
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11100 3 / 5 11111 5 / 5 1110.50 3.5 / 5
Trading Conditions 11000 2 / 5 11100 3 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11110 4 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 10000 1 / 5
Education & Research 10.5000 1.5 / 5 10.5000 1.5 / 5 11000 2 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
% Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 80.5% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1300:130:1
Spread1.1 pips0.7 pips0.9 pips
Hedging Yes No No
Scalping Yes No No
Account Types
  • VIP (Vip)
  • Standard (Standard)
  • Live Account (Mini)
Islamic Account Yes Yes No
Trading Platforms MT4 Plus500 IQ option
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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